MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

Under Massachusetts law, what is the consequence of an auctioneer failing to maintain a required bond?

A warning letter is issued The auctioneer's license may be suspended or revoked The auctioneer must pay double the bond amount No consequence if no claims have been filed

Correct Answer:

The auctioneer's license may be suspended or revoked

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